Which of the Following Describes a Difference Between an Attribute

question 97

Multiple Choice

Which of the following describes a difference between an attribute and a benefit of a product?

• A) An attribute includes pleasure or improved health,whereas a benefit includes an easy-open package or a special formulation.
• B) An attribute cannot be experienced by consumers,whereas a benefit is tangible and can be experienced.
• C) An attribute is the goal to sell a product,whereas a benefit is an apparent part of a product.
• D) An attribute is simply a feature of a product,whereas a benefit is what consumers receive by using a product.

Interpret the effects of activity variances on revenue forecasts.

Understand how budgeting processes are utilized in clinics and service companies.

Comprehend the concept of activity variance in financial management.

Identify the difference between favorable and unfavorable variances.

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Definitions:

Principles

Fundamental concepts or general laws that guide business practices, accounting standards, and financial reporting.

Internal Control

A process designed to ensure reliability in financial reporting, effectiveness and efficiency of operations, and compliance with laws and regulations.

Fraud

Deceptive practice intended to result in financial or personal gain, often involving the deliberate misrepresentation or omission of critical information.

Reliability

The consistency and dependability of data or an instrument, often measured over time to ensure stability and accuracy in results.